Teesside Freeport: Difference between revisions
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The freeport covers 4,500 acres across multiple sites including [[Teesside International Airport]], the Port of [[Hartlepool]], [[Teesport]] and the [[Wilton International]] industrial site in Redcar. |
The freeport covers 4,500 acres across multiple sites including [[Teesside International Airport]], the Port of [[Hartlepool]], [[Teesport]] and the [[Wilton International]] industrial site in Redcar. |
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Politicians and the media have criticised the project for a lack of [[Transparency (behavior)|transparency]].<ref>Hansard - Alex Cunningham https://hansard.parliament.uk/Commons/2023-01-11/debates/5C68A4D9-407C-4507-8B72-67DD6014B26E/Engagements</ref> The corporate structure behind the freeport includes multiple subsidiary companies of which several have local business owners Chris Musgrave and Martin Corney as directors. MPs have alleged that significant assets have been transferred to these directors without a formal [[Invitation to tender|tendering]] process as is usual for public-sector development projects in the UK.<ref> Private Eye Issues 1585 - 1590, 2022 - 2023</ref> |
Politicians and the media have criticised the project for a lack of [[Transparency (behavior)|transparency]].<ref>Hansard - Alex Cunningham https://hansard.parliament.uk/Commons/2023-01-11/debates/5C68A4D9-407C-4507-8B72-67DD6014B26E/Engagements</ref> The corporate structure behind the freeport includes multiple subsidiary companies of which several have local business owners Chris Musgrave and Martin Corney as directors. MPs have alleged that significant assets have been transferred to these directors without a formal [[Invitation to tender|tendering]] process as is usual for public-sector development projects in the UK.<ref> Private Eye Issues 1585 - 1590, 2022 - 2023</ref> On 24 May 2023 two inquiries were announced: one by the National Audit Office and a second "independent".<ref>{{cite web |url=https://www.theguardian.com/business/2023/may/24/michael-gove-orders-review-into-corruption-allegations-at-teesside-freeport?ref=biztoc.com |access-date=24 May 2023}}</ref> |
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==References== |
==References== |
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Revision as of 20:32, 24 May 2023
Teesside Freeport is the largest freeport in the United Kingdom, where special arrangements apply for taxation and customs.[1] It was launched in 2021 with support from the Tees Valley Combined Authority's Development Corporation.[2]
The freeport covers 4,500 acres across multiple sites including Teesside International Airport, the Port of Hartlepool, Teesport and the Wilton International industrial site in Redcar.
Politicians and the media have criticised the project for a lack of transparency.[3] The corporate structure behind the freeport includes multiple subsidiary companies of which several have local business owners Chris Musgrave and Martin Corney as directors. MPs have alleged that significant assets have been transferred to these directors without a formal tendering process as is usual for public-sector development projects in the UK.[4] On 24 May 2023 two inquiries were announced: one by the National Audit Office and a second "independent".[5]
References
- ^ "Low taxes and levelling up: the great freeport experiment comes to Teesside". the Guardian. 2021-11-13. Retrieved 2023-01-19.
- ^ "Teesside Freeport". Tees Valley Combined Authority. Retrieved 2023-01-19.
- ^ Hansard - Alex Cunningham https://hansard.parliament.uk/Commons/2023-01-11/debates/5C68A4D9-407C-4507-8B72-67DD6014B26E/Engagements
- ^ Private Eye Issues 1585 - 1590, 2022 - 2023
- ^ https://www.theguardian.com/business/2023/may/24/michael-gove-orders-review-into-corruption-allegations-at-teesside-freeport?ref=biztoc.com. Retrieved 24 May 2023.
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